Primark

The biggest phenomenon of the last decade comes from Ireland. The company, that is a benchmark for low cost and offers and offers a wide range of products, is owned by the group AB Foods, and has become a threat for big retailers of the industry.

The low cost fashion giant has explained that the growth of its turnover is due to the increase of its commercial space during the period of first nine months.

Primark, four times more profitable than in 2008

The company started half-century ago in Ireland, where it launched its first store in Dublin under the name of Penneys, and has becomed a global and world-known fashion company.

Primark looks for its twelfth market: opens in Slovenia

The low cost fashion company has chosen the capital, Ljubljana, to open its first establishment in the country.

Primark sales up 4% in first quarter boosted by the openings

The Irish company of low cost fashion, which has advanced the result of the first three months of exercise (period ended on January 5), increased its selling space by 27,871 square meters.

Is Primark’s model over? Grows at historic minimums

The Irish chain accelerated its expansion in full crisis, coinciding with the decrease of acquisitive power around Europe, its main market. Now, already settled in recovery, it keeps on trying to find its United States model and brands have gained it ground again.

Primark sales up 6% in 2018 despite like-for-like fall

The Irish low-cost fashion chain has ended its fiscal year (concluded the 15th of September) with a revenue of 7.47 billion British pounds (8.53 billion euros).

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Primark Pushes Ahead with German Expansion Amid Sales Slowdown

Irish fast-fashion brand expands its retail footprint with the opening of a new store at Ostsee Park Rostock, with another debut scheduled for December 3rd at Donau-Einkaufszentrum in Regensburg.

Primark to Launch First London Store in Nearly a Decade with Wimbledon Opening

The Irish retail chain is set to occupy the former Debenhams site in Wimbledon Quarter, boasting 24,000 square feet of retail space. Construction is slated to commence in the coming months, with an anticipated opening by late 2026 or early 2027.

Primark’s Digital Strategy Expands: New App Launched Amidst Global Digitalization Efforts

As one of the rare holdouts in major retail without an online shopping option, the Irish company is launching its app initially in Ireland and Italy, with a UK rollout to follow.

The company expects to increase its revenues by 6%, fuelled by the store openings carried out throughout the fiscal year. The fashion retailer, owned by AB Foods, has blamed its negative performance in northern Europe to altered weather conditions.

Although its turnover in the country is much lower than the ecommerce group, the Irish low-cost fashion company tops the list Hot 100 retailers, elaborated by Kantar Consulting.

The Irish low cost retailer revenues went up 7% at constant change rates, while like-for-like sales registered a better evolution than in first year half due to better trade in the Eurozone, said the group.

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